The Economies of Southeast Asia: Indonesia, Malaysia, Philippines, Singapore, and Thailand

Front Cover
Nova Publishers, 2005 - 299 pages
This book analyses the growth, development and crisis experiences of the Southeast Asian economies, in particular, Indonesia, Malaysia, the Philippines, Singapore and Thailand - also known as ASEAN-5. The proposition is developed that the robust economic performance of the Southeast Asian economies during the past four decades has been attributed to the various factors, developments and independent national policies which have been pursued by the individual member countries rather than to any regional economic framework. The book covers eleven topics which is suitable for a one-semester course on the economics of Southeast Asia. Also, it has a narrower area coverage as it focuses only on the five economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The sectoral treatment of the crisis impact and the analytical treatment of policy responses to the crisis differentiate this book from other publications on the same topic. Finally, this book provides an analysis of national developments, policies and factors which have contributed to the economic transformation of the respective Southeast Asian economies.
 

Contents

The Picture
3
Explaining the Picture
17
The Domestic Economy of Southeast Asia
45
The Agricultural Sector in Southeast Asia Production Problems and Policies
47
The Industrial Sector in Southeast Asia Development Experiences and Policies
67
The Financial Markets and Institutions in Southeast Asia
85
The External Economy of Southeast Asia
121
Foreign Trade in Southeast Asia Theories Policies and AFTA
123
Regional Economic Integration in Southeast Asia Case of ASEAN
171
The 199798 Economic Crisis in Southeast Asia
197
Causes And Consequences of the Crisis
199
Policy Responses to the Crisis
225
Southeast Asias Economic Performance Reviewing the Past Looking to the Future
247
References
271
About the Author
291
Index
293

Foreign Direct Investment in Southeast Asia Trends Patterns and Determinants
147

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Page 16 - The neoclassical counterrevolution model prevailed throughout the 1980s which focused on the benefits provided by free markets, open economies and privatization of inefficient and wasteful government agencies, and which emphasized the idea that underdevelopment results primarily from heavy government intervention and regulation of the economy.

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